in a dynamic payments market, those with the creative edge will win the race. Unique thinking together with agile practices will deliver real results.


CAPCO-officechange in something established, introducing new methods, ideas, or products

Innovation is a critical feature of, and essential for success in, today’s Global Payments ecosystem. Organisations need agile development and deployment methodologies and an entrepreneurial mindset. Product innovation cycles are measured in hours and days, not weeks and months! 



There are a number of rapid changes at play in the Global Payments market: 


\\ Emergence of Fintechs

There has been an explosion of new Fintech start ups seeking to disintermediate banks and innovate within the Payments Value Chain. Will you challenge or be challenged?

\\ Mobile

Mobile payment solutions (including mobile app, tokenisation, NFC, wallet and wearable solutions) will drive migration of flows away from traditional card and payment products. What is your strategy? Are you establishing partnerships to launch new propositions?

Wind-Powered-Highway-000080862457_Large\\ Card based / Account based Alternative Payments

With regulatory scrutiny and changing consumer behaviours, cards, bank accounts and mobile payments are converging. Innovation is key in the ever fast changing world of card payments. Have you changed your business model yet?

\\ Simplification

Core Banking and Payments systems are unfit from a capability, scalability and time-to-market point of view. Are you working to Banking-as-a-Service models? Reduce expenses, mitigate risks and speed up time-to-market.

\\ Challengers

20+ new banking licence applications have been applied for in 2015 alone and some will be digital players. Challenger Banks such as Atom Bank will be fully digital to attract millennial and other segment clients. Will you be challenged?

\\ Instant Payments

Instant Payments domestically will also drive change for cross border payment infrastructures and drive traffic from a 3 day to an intra day environment. SEPA SCT Instant will become available by November 2017. Are you ready?

Sydney Central Station


\\ SEPA Wave 2

SEPA wave 1 compliance deadline for Credit Transfer and Direct Debit was February 2016. SEPA Wave 2 Instant payments are on the way, for launch in 2017. Do you meet the criteria for the additional accords and are you thinking about how to exploit these opportunities?

\\ PSD2 and Open API

PSD2 (Access to Accounts) and UK Government standards for Open Application programming Interfaces are now in place. You need to be ready by January 2018 and capitalize on the opportunity to innovate and develop new open API capabilities. Do you have a strategic plan in place to move beyond compliance?

\\ Blockchain

Global Regulators and Interbank working groups have been formed to look at the impact of Distributed Ledger technology and understand the long term potential to fundamentally change cross border payments securely. How is your organisation engaged in these debates?

\\ Volcker Rule

Banks with $25-50 billion in consolidated trading assets and liabilities will become subject to the Rule’s requirements on April 30, 2016.  Institutions are entering the final portion of the Rule’s conformance period-internal compliance programs needed for all investment activities. Are you ready?

\\ EMIR/DF Title 7

Variation margin requirements for non-centrally cleared trades will apply for the largest institutions from September 2016, covering OTC derivatives contracts and mandatory clearing, methods of transaction reporting and record keeping. Is your change programme underway for execution on time?

\\ Instant Payments

NACHA 2016 upcoming deadlines affect Compliance and Operational Topics, Disclosure Requirements for POS Entries and Same Day ACH. SEPA SCT Instant will become available by November 2017. Will you choose to adopt a market leading readiness posture for instant payments in the US?

\\ EU Wire Transfer Regulations

This will result in very low or no fees for electronic transfers within the Eurozone. Faster settlement processes will allow reduction in currency volatility while funds are in transit. How will this affect your Cross Border Payments revenue and have you identified mitigating strategies?

\\ Local Payment System Regulations

Local country payment systems changes need to be taken into consideration; failing to plan change in advance may lead to unwelcome payment rejects and returns. Have you developed a clear roadmap of country PS changes and how to interlock with Regional and Global changes? 

Capco office 2



If you would prefer to contact me by phone, call 07545 602029

Michael Vallance
Head of Transaction Banking and Cash Management, Santander Corporate and Commercial Banking
T: +44 7545 602029